Information Communication Technologies, Globalisation and Growth: Evidence from the ASEAN Economies*

Abstract

This study examines the impact of information and communication technologies (ICT) and globalisation on economic growth in the (Association of South-East Asian) ASEAN economies from 1999 to 2019 using dynamic panel estimators. Previous literature has shown that ICT and globalisation can impact growth through the role of knowledge dissemination and information. Subsequently, this study examines the moderating impact of globalisation on the relationship between ICT and economic growth. Our results show that both ICT and globalisation are positive to growth. Interestingly, the marginal impact of ICT and globalisation suggests that the marginal impact of ICT is insignificant at low levels of globalisation. Policy implications are discussed.

What Shapes Economic Growth in BRICS? Exploring the Role of Institutional Quality and Trade Openness

“…On the empirical front, Kabuga and Ismail (2018) and Das and Paul (2011) found that trade openness stimulates the economic growth of 12 Emerging Asian economies. Haini and Wei Loon (2022) and Haini and Loon (2021) confirm these findings for ASEAN and OECD economies where trade induces economic growth. Similarly, Malefane and Odhiambo (2018) found a positive impact of trade openness on economic growth in South Africa, but the effect turns insignificant when geography and country size are considered.…”

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